LAMMTENNANT JOAN M 4

What Happened

• Joan M. LammTennant, a director of Octave Specialty Group, Inc. (OSG), was granted 7,441 restricted stock units (RSUs) on April 1, 2026. The award shows an acquisition at $0.00 (derivative award), meaning no cash was paid by the reporting person. Each RSU represents a contingent right to one share of OSG common stock.

Key Details

• Transaction date: 2026-04-01; filing date: 2026-04-02 (timely Form 4 filing).
• Award: 7,441 RSUs; reported price: $0.00; reported value: $0 (derivative grant).
• Vesting: RSUs vest one year later on April 1, 2027 (per footnote). Vested RSUs settle into common shares upon vesting or earlier if the reporting person leaves the board, unless deferred.
• Shares owned after transaction: Not specified in the filing.
• Transaction code: A = Award/Grant (derivative). No 10b5-1 plan, tax withholding, or late-filing flags noted.

Context

• This was a compensation/retention award (RSUs), not an open-market purchase or sale. RSUs are rights to receive shares in the future (upon vesting) rather than immediate stock ownership. Such grants are common for board compensation and do not by themselves indicate a director’s intent to buy or sell shares on the market.